Carlisle will play host to the north of England's only confirmed classic car auction in 2014, reports in-cumbria.com.
The city is fast earning a reputation for hosting vintage vehicle events and the announcement follows the success of the first Borderway Classic Car Auction back in June.
Borderway's organiser H&H Motor Auctions has confirmed that it will hold another event in March and has once again chosen Carlisle as its hosting destination.
If the list of cars sold at the group's first event is anything to go by, the attendees will be given a huge chance to purchase a piece of motoring history.
The clear highlight from last year was the sale of an Aston Martin, which sold for a knockdown £22,500. Classic Minis were sold off for as much as £1,800, while a 1969 Wolseley turned out to be the bargain of the event after selling for £760.
This would have freed up plenty of cash for investors to purchase protection for their vehicles, such as car tracking systems to keep an eye on their whereabouts.
Graeme Hall, director of H&H Motor Auctions, said that low interest rates on classic cars mean even more people are seeing aged vehicles as worthwhile investment opportunities.
"With the popularity of classic cars on the up and with there being no other auction of its type in Cumbria we really are anticipating that there will be strong interest," he told newsandstar.com.